13 Jul 2018
Exports versus Imports
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Continuing the conversation on economic prosperity which is in large part determined by a countries ability to manufacture and sell goods.
China currently has a large surplus, the value of exports (sales) are US$421 billion more than imports (buys) while the United States exports US$1.547 billion and imports US$2.409 billion which is a US$862 billion deficit.
Germany, like China also has a large surplus with exports US$281 billion more than imports.
For economic prosperity, a surplus of exports over imports is wanted. Not the other way around.
In reference to Australia, we just manage to export fractionally more than we import thanks to the sale of our commodities.
Click for charts.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.